It’s Official, Interest Rates are now Crazy Low !!!!
Interest rates have again moved down to unbelievable levels not seen for over 40 years. The following graph can give you an idea of the historically low levels which we are at now
30-Year FRM Rates 1971 – 2010:
Reproduced with the permission of Mortgage-X.com
The following are interest rate quotes from Al Hermann of American/California Financial Services
|
30 Yr Fixed FHA |
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|
Rate |
APR |
||||
|
4.000% |
4.546% |
|
Conforming 30 Yr Fixed up to $417000 |
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|
Rate |
APR |
||||
|
4.000% |
4.147% |
|
Conforming Jumbo 30 Yr Fixed $417001 – $625500 |
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|
Rate |
APR |
||||
|
4.250% |
4.392% |
|
Conforming Jumbo Fixed $625000 – $729750 |
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|
Rate |
APR |
||||
|
4.250% |
4.390% |
|
Jumbo 7/1 ARM $1.5 Mil (higher loan amt available) |
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|
Rate |
APR |
||||
|
4.250% |
3.586% |
Rates for 30 year fixed rate Jumbo loans in excess of $729,750 range from 5.25 % to 5.5%.
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